Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Sold by Pitcairn Co.

Pitcairn Co. cut its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 12.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,124 shares of the company’s stock after selling 1,038 shares during the quarter. Pitcairn Co.’s holdings in Ollie’s Bargain Outlet were worth $692,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Royce & Associates LP grew its holdings in Ollie’s Bargain Outlet by 161.6% in the 3rd quarter. Royce & Associates LP now owns 75,605 shares of the company’s stock valued at $7,349,000 after buying an additional 46,706 shares in the last quarter. D. E. Shaw & Co. Inc. increased its position in Ollie’s Bargain Outlet by 953.2% during the second quarter. D. E. Shaw & Co. Inc. now owns 566,738 shares of the company’s stock worth $55,637,000 after purchasing an additional 512,928 shares during the last quarter. King Luther Capital Management Corp increased its position in Ollie’s Bargain Outlet by 36.0% during the second quarter. King Luther Capital Management Corp now owns 109,827 shares of the company’s stock worth $10,782,000 after purchasing an additional 29,061 shares during the last quarter. Van ECK Associates Corp purchased a new position in Ollie’s Bargain Outlet during the second quarter worth about $2,397,000. Finally, Emerald Mutual Fund Advisers Trust boosted its holdings in Ollie’s Bargain Outlet by 20.4% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 178,567 shares of the company’s stock valued at $17,530,000 after purchasing an additional 30,217 shares during the last quarter.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, President Der Valk Eric Van sold 7,479 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $100.32, for a total value of $750,293.28. Following the transaction, the president now directly owns 5,615 shares in the company, valued at $563,296.80. This represents a 57.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Robert F. Helm sold 2,401 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $94.68, for a total transaction of $227,326.68. Following the sale, the chief financial officer now directly owns 2,021 shares in the company, valued at approximately $191,348.28. The trade was a 54.30 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,880 shares of company stock valued at $2,462,470. Insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Trading Up 4.3 %

Shares of NASDAQ OLLI opened at $94.61 on Monday. The stock has a market cap of $5.80 billion, a P/E ratio of 28.84, a PEG ratio of 2.35 and a beta of 0.84. The business’s fifty day simple moving average is $94.79 and its 200-day simple moving average is $92.49. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $68.05 and a 12-month high of $104.98.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.78 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.78. Ollie’s Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The business had revenue of $578.38 million during the quarter, compared to analysts’ expectations of $561.60 million. During the same quarter last year, the business posted $0.67 EPS. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. On average, equities analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. StockNews.com lowered Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. Gordon Haskett upgraded Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and increased their price target for the stock from $105.00 to $107.00 in a report on Monday, August 26th. Piper Sandler restated an “overweight” rating and issued a $107.00 price objective on shares of Ollie’s Bargain Outlet in a report on Friday, October 4th. UBS Group increased their target price on shares of Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Finally, Bank of America boosted their price target on shares of Ollie’s Bargain Outlet from $102.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $104.92.

Ollie’s Bargain Outlet Company Profile

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise in the United States. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products.